https://www.taxtmi.com/caselaws?id=383224 The Tribunal remanded the matter of preference share valuation to the Assessing Officer for reassessment based on the Net Asset Value method as of the issuance date. Regarding depreciation, the Tribunal directed the application of a 3.02% Straight Line Method rate for the residential building, in line with Section 32(1)(i). Other appeal grounds were dismissed, with the order issued on 02/05/2019. en-us Thu, 02 May 2019 00:00:00 +0530 Fri, 19 Jul 2019 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383224 The Tribunal remanded the matter of preference share valuation to the Assessing Officer for reassessment based on the Net Asset Value method as of the issuance date. Regarding depreciation, the Tribunal directed the application of a 3.02% Straight Line Method rate for the residential building, in line with Section 32(1)(i). Other appeal grounds were dismissed, with the order issued on 02/05/2019. Case-Laws Income Tax Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383224